“DON’T JUDGE A BOOK BY ITS COVER.” HOW BIG DATA CHANGES DECISION PROCESSES OF MARKETING MANAGERS.

다국어 초록 (Multilingual Abstract)

Digitalization has generated massive amounts of available data sources (Wedel and Kannan 2016). Consequently, firms aim to exploit this additional value – particularly in decision-making (Barton and Court 2012). However, potential misleading consequences of Big Data for companies have not been examined yet – neither in practice nor in research. Addressing this research gap, the current investigation first uncovers questionable managerial outcomes and behaviours generated by Big Data. The results of a first paper-and-pencil experiment show that executives tend to rely on Big Data even in a domain where this may be misleading (i.e., innovation) (Martin and Golsby-Smith 2017). Interestingly, this relationship is found to be particularly evident for top-managers. A second online study does not only replicate the findings in a correlational setting but beyond sheds light on its mechanism. We show that Big Data activates top-executives’ promotion focus leading them to become more risk seeking and egocentric. In study 3, we replicate these findings through experimentation and moderation underlining its robustness. Finally, we detect a lever to avoid that Big Data leads to less defensive decision behaviour (study 4).